NOT LISTED FOR SALE

521 Madison Ave Lancaster, OH 43130

Estimated Value: $123,000 - $210,948

3 Beds
2 Baths
1,932 Sq Ft
$91/Sq Ft Est. Value

Last Sold March 03, 2023

Last sale price $100,000 $52 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $1,243/month

141 Days on Market

Highlights

  • Detached Garage
  • Window Unit Cooling System
  • Forced Air Heating and Cooling System

About This Home

As of March 2023

Great investment! Fully occupied through May 2023 duplex, main level rents for $ 800 (central air ) and upper level rents for $ 600 per month. Tenants pay all utilities. 2 car detached garage and off-street parking. Fenced Back yard.
Tenants 24 hr. notice

Last Agent to Sell the Property

Sue Yenichek

Howard Hanna Real Estate Svcs License #283917 Listed on: 08/01/2022

Howard Hanna Real Estate Svcs

Last Buyer's Agent

Michael Scotti

Best Homes Real Estate Ltd. License #2014003922

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,425

Year Built

  • Built in 1900

Lot Details

  • 10,454 Sq Ft Lot

Home Design

  • 1,932 Sq Ft Home
  • Duplex
  • Frame Construction
  • Vinyl Siding

Parking

  • Detached Garage
  • Off-Street Parking: 1

Utilities

  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 05-33074-500

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $1,000
  • Gross Income $16,800
  • Net Operating Income $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,425

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2021
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.24
  • Total Gross Income: 16800.0
  • Co List Office Phone: 614-864-7400
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 75.0
  • Remarks Misc Hot Sheet Comments: price
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 16800.0
  • Annual Expenses: 1000.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 1932.0
  • Miscellaneous Basement2: Yes
  • Air Conditioning Central Air: Yes
  • Services Available Electricity Available: Yes
  • Services Available Natural Gas Available: Yes
  • Services Available Water Available: Yes
  • Air Conditioning Window Unit(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Frame: Yes
  • Construction:Vinyl Siding2: Yes

Garage/Parking

  • Parking Features 2 Car Garage2: Yes
  • Parking Features Detached Garage2: Yes
  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Cooling Y N: Yes
  • Utilities: Water Available, Natural Gas Available, Electricity Available, Storm Sewer
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: LANCASTER CSD 2305 FAI CO.

Lot Info

  • Parcel Number: 05-33074-500
  • Lot Size Sq Ft: 10454.4
  • Additional Parcels: No

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 1000.0
  • Annual Operating Expense: 1000.0

Tax Info

  • Tax Annual Amount: 1425.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2022
Closed on
Mar 10, 2023
Sold by
Cc Allies Llc
Bought by
Kbm Rei Ii Llc
Seller's Agent
Sue Yenichek
Howard Hanna Real Estate Svcs
Buyer's Agent
Michael Scotti
Best Homes Real Estate Ltd.
List Price
$149,900
Sold Price
$100,000
Premium/Discount to List
-$49,900
-33.29%
Views
186
Current Estimated Value
$176,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,737
Avg. Annual Appreciation
22.12%
Original Mortgage
$120,000
Outstanding Balance
$116,206
Interest Rate
6.09%
Mortgage Type
Credit Line Revolving
Estimated Equity
$60,531

Purchase Details

Closed on
Aug 16, 2013
Sold by
Culp Esther Wy
Bought by
Cc Allies Llc

Purchase Details

Closed on
Feb 17, 2004
Sold by
Baughman William K and Baughman Rebecca S
Bought by
Culp William J and Culp Esther Wy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,400
Interest Rate
5.96%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 12, 1991
Sold by
Canfield Benjamin H
Bought by
Baughman William K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kbm Rei Ii Llc $100,000 --
Cc Allies Llc -- None Available
Culp William J $96,000 Valmer Land Title Agency
Baughman William K $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kbm Rei Ii Llc $120,000
Previous Owner Culp William J $86,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2023 03/03/23 Sold $100,000 -31.0% $52 / Sq Ft
09/15/2022 09/15/22 Price Changed $144,900 -3.3% $75 / Sq Ft
08/01/2022 08/01/22 For Sale $149,900 +49.9% $78 / Sq Ft
07/30/2022 07/30/22 Off Market $100,000 -- --
Source: Columbus and Central Ohio Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,838 $42,690 $12,580 $30,110
2023 $1,586 $42,690 $12,580 $30,110
2022 $1,596 $42,690 $12,580 $30,110
2021 $1,425 $35,730 $12,580 $23,150
2020 $1,489 $35,730 $12,580 $23,150
2019 $1,545 $35,730 $12,580 $23,150
2018 $1,638 $31,140 $12,580 $18,560
2017 $1,541 $34,230 $10,830 $23,400
2016 $1,280 $34,230 $10,830 $23,400
2015 $1,281 $33,230 $10,830 $22,400
2014 $1,221 $33,230 $10,830 $22,400
2013 $1,221 $33,230 $10,830 $22,400
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Sue Yenichek

    Howard Hanna Real Estate Svcs

    (614) 565-6806

    4 in this area

    26 Total Sales

    Sue Yenichek
    Section Image

  • M

    Buyer's Agent in 2023

    Michael Scotti

    Best Homes Real Estate Ltd.

    (614) 270-3745

    6 in this area

    45 Total Sales

    Michael Scotti
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 222028676

Columbus and Central Ohio Regional MLS

APN: 05-33074-500

Ohio Fairfield County Lancaster 43130

521 Madison Ave, Lancaster, OH

Not Listed for Sale

MultiFamily

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